The Black Whale (BLACKWHALE) is making waves in the crypto realm with massive gains in the last 24 hours. According to CoinGecko data, the crypto has rallied 408.5% in the last 24 hours and 258.5% in the last week. BLACKWHALE’s massive rally comes amid a consolidating market, following a correction. Let’s discuss if the cryptocurrency can continue its upswing,or if it will face a dip soon.
What is Black Whale? Why is The Crypto Rallying?
The Black Whale (BLACKWHALE) is a Solana-based cryptocurrency. BLACKWHALE’s rally also coincides with SOL registering gains in the nearly all time frames. BLACKWHALE’s big rally could be due to the cryptocurrency being listed on KuCoin Alpha. However, investors should note that tokens listed on KuCoin Alpha carry higher risks. Hence, the asset could see violent price swings in the coming days if investors book profits.
The Black Whale’s (BLACKWHALE) rally is likely due to investors betting on new projects, while retail players engage with expected FOMO (Fear Of Missing Out). The project does not seem to have much utility, and its rally may be relying on online hype. Solana-based cryptocurrencies have seen incredible short-term growth. Pepe (PEPE), Bonk (BONK), etc., saw big rallies, followed by sharp price corrections. BLACKWHALE may follow a similar trajectory.
Furthermore, the larger cryptocurrency market is still reeling from the losses made in late 2025. Bitcoin (BTC) is struggling to gain momentum, and the market seems to be entering a sideways trajectory. Given the bearish market tone, BLACKWHALE could face a sharp price correction over the coming days.
Also Read: Crypto Market Faces Yet Another Crash: Bear Market Still Strong
However, there is a chance that the cryptocurrency market will rebound later this month, fulled by the possibility of pro-crypto legislation in the US. Market participants could see a surge in sentiment if clearer regulation is revealed.